A new funding round that increases the total investment to 300 million euros over two years has been announced flexible machine. The funding was led by US fund Data Point Capital, which has invested in pioneering Internet, e-commerce and digital technology companies. Also attending were Seaya Ventures and Venture Friends, who previously invested in the company.

The new funds added to Flex Car Group’s share capital will be used to further expand the company’s fleet in the Greek, Cypriot and Italian markets, as well as to strengthen infrastructure, human resources and implement complex technologies in your portfolio of services.

At the same time, Flex Car continued its expansion to Mexico, opening an office in Mexico City. Latin America is the company’s new stop for consolidating its presence outside of Europe, and the car-as-a-service subscription model offered by Flex Car proved particularly attractive to the Mexican public, resulting in high demand for the company’s services from the start. months of activity.

The total capital invested in the company amounted to 300 million euros.

Flex Car was the first company to introduce the concept of flexible car rental (flexible leasing) in the Greek market, having managed to win the trust of consumers and win a significant market share in just two years. In addition to Greece, Mexico has joined the Flex Car Cyprus and Flex Auto Italy markets, where the Flex Car Group is already present. It is noteworthy that Flex Car put more than 10,000 vehicles on the road in record time during a particularly challenging period, taking advantage of the consistent delivery planning of previous years, which has ensured the company has a large volume of new vehicles ready for delivery. to meet the increased demand.

In addition, since the end of 2021, the company has created and operates Open Cars, a dedicated business unit that sells cars of the Flex Car fleet that have completed their life cycle as part of the provision of leasing services. These vehicles have a well-known history and are available for sale in the market. In the coming months, Flex Car plans to expand the Open Cars project to overseas markets.

Flex Car has been profitable for the fifth year in a row, according to the company, presenting an extremely healthy picture based on its financial results. The company records triple-digit growth every year and employs 200 people in Greece, Cyprus, Italy and Mexico.